Meda AB

Meda acquires global rights to MUSE

Pressmeddelande   •   Okt 04, 2010 08:51 CEST

 

Meda today announced the acquisition of global rights to MUSE (transurethral alprostadil), a well established product for the treatment of erectile dysfunction.

Meda has had the distribution rights to MUSE in Europe for many years. Meda will now take over global rights and all assets relating to the product. The largest market is the US where annual sales are approximately 15 MUSD.

The acquisition price is an upfront payment of 22 MUSD and a potential sales milestone payment of 1,5 MUSD based on future sales of MUSE. The transaction is subject to standard closing requirements. The transaction is expected to close within 60 days.

 

 

 

 

If questions, please contact: Anders Larnholt, Vice President Corporate Development & IR ph: +46 709-458 878

MEDA AB (publ) is a leading international specialty pharma company. Meda’s products are sold in 120 countries worldwide and the company is represented by its own organizations in 50 countries. The Meda share is listed under Large Cap on the Nasdaq OMX Nordic Stock Exchange in Stockholm. Find out more, visit www.meda.se.